6 million UK homes to get power from $51B nuclear plant approval

The UK government has approved the $51 billion Sizewell C nuclear power plant project, marking a significant investment in the country's clean energy future. Energy Secretary Ed Miliband signed off on the deal, with the government becoming the largest shareholder at 44.9 percent, alongside partners such as France’s EDF, Centrica, and Canadian investment fund La Caisse. Sizewell C is expected to provide clean electricity to around six million homes for over 60 years, reduce carbon emissions by nine million tons annually, and generate system savings of approximately $2.7 billion per year once operational. The project aims to reduce the UK’s reliance on fossil fuels and support 10,000 direct jobs and thousands more in the supply chain, with 70 percent of construction value targeted for British businesses. The funding model for Sizewell C builds on lessons from the Hinkley Point C project, spreading costs among consumers, taxpayers, and private investors, with the government’s investment helping to limit consumer bill impacts to